RMG's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/161973/comments http://seekingalpha.com/article/170321-cit-group-announces-more-restructuring-but-bankruptcy-outcome-still-unclear?source=feed#comment-739877 739877
CIT is restructuring, which involves $10B debt reduction and debt holders owning the equity. This implies, assets of $71B, new debt of $54.9B (64.9-10) and an equity of $16.1B (71-54.9). In other words, debt holders’ debt of $64.9B will be replaced by a new debt of $54.9B and $16.1B of equity for a total of $71B. No wonder, debt holders agreed.

What is wrong with this logic?]]> Mon, 02 Nov 2009 01:10:55 -0500
CIT is restructuring, which involves $10B debt reduction and debt holders owning the equity. This implies, assets of $71B, new debt of $54.9B (64.9-10) and an equity of $16.1B (71-54.9). In other words, debt holders’ debt of $64.9B will be replaced by a new debt of $54.9B and $16.1B of equity for a total of $71B. No wonder, debt holders agreed.

What is wrong with this logic?]]> http://seekingalpha.com/article/170321-cit-group-announces-more-restructuring-but-bankruptcy-outcome-still-unclear?source=feed#comment-739735 739735 Sun, 01 Nov 2009 20:26:09 -0500 http://seekingalpha.com/article/170321-cit-group-announces-more-restructuring-but-bankruptcy-outcome-still-unclear?source=feed#comment-739199 739199 Sun, 01 Nov 2009 11:05:14 -0500 http://seekingalpha.com/article/167063-banks-failing-to-disclose-derivatives-risk?source=feed#comment-720085 720085 Mon, 19 Oct 2009 00:21:46 -0400 http://seekingalpha.com/article/166090-dendreon-new-board-members-appointed-things-have-never-looked-brighter?source=feed#comment-714617 714617 Tue, 13 Oct 2009 22:18:11 -0400 http://seekingalpha.com/article/164514-cit-group-does-the-balance-sheet-shuffle?source=feed#comment-701889 701889 Sat, 03 Oct 2009 20:24:27 -0400 http://seekingalpha.com/article/157647-friday-roundup-commodities-emerging-markets?source=feed#comment-642541 642541
antispywarelivescanv5.com
check-your-pc-onlinev3...
safeonlinescannerv4.com

Each time I killed the program using Windows Task Manager's End Task. Not only the program gets terminated, the browser (I was using Safari) with all the Tabs also gets terminated and I had to restart the browser.

From Google search, I get the feeling that they are harmless, their virus scan is not real scan, but only they are trying to sell their antivirus software.

I was told by Live OneCare person that it is a spyware. When I scanned using Live OneCare virus scan (which took three hours), which is expected to detect both spyware and virus, it did not find any spyware or virus. ]]> Sun, 23 Aug 2009 20:29:52 -0400
antispywarelivescanv5.com
check-your-pc-onlinev3...
safeonlinescannerv4.com

Each time I killed the program using Windows Task Manager's End Task. Not only the program gets terminated, the browser (I was using Safari) with all the Tabs also gets terminated and I had to restart the browser.

From Google search, I get the feeling that they are harmless, their virus scan is not real scan, but only they are trying to sell their antivirus software.

I was told by Live OneCare person that it is a spyware. When I scanned using Live OneCare virus scan (which took three hours), which is expected to detect both spyware and virus, it did not find any spyware or virus. ]]> http://seekingalpha.com/article/156360-hansen-poised-to-benefit-from-new-products-international-expansion?source=feed#comment-634093 634093 Mon, 17 Aug 2009 21:42:50 -0400 http://seekingalpha.com/article/154806-friday-roundup-better-than-expected?source=feed#comment-622155 622155 Sun, 09 Aug 2009 13:57:25 -0400 http://seekingalpha.com/article/141863-why-ford-is-a-goner?source=feed#comment-537394 537394 Mon, 08 Jun 2009 13:21:39 -0400 http://seekingalpha.com/article/127787-is-china-really-trying-to-create-a-global-currency?source=feed#comment-441830 441830 Fri, 27 Mar 2009 00:06:27 -0400 http://seekingalpha.com/article/106152-is-hansen-natural-a-value-trap?source=feed#comment-307346 307346 Sun, 16 Nov 2008 15:11:22 -0500 http://seekingalpha.com/article/99249-hedge-fund-liquidation-in-pictures?source=feed#comment-279133 279133 Fri, 10 Oct 2008 13:22:22 -0400 http://seekingalpha.com/article/98454-the-citi-exclusivity-agreement?source=feed#comment-273103 273103 www.marketwatch.com/ne...

It does not show Citigroup's signature. Though it is signed by Wachovia official, his name and Title are not shown. Assuming Wachovia received the agreement with Citigroup's signature, I find it a clear violation by Wachovia and Wells Fargo officials to negotiate and sign a deal. My feeling is the Courts will declare Wachovia and Wells Fargo deal null and void and Wells Fargo will not be allowed to take over Wachovia. The only solution is for Citigroup and Wells Fargo to explore if they can divide Wachovia assets in a mutually beneficial deal.
]]> Fri, 03 Oct 2008 18:45:54 -0400 www.marketwatch.com/ne...

It does not show Citigroup's signature. Though it is signed by Wachovia official, his name and Title are not shown. Assuming Wachovia received the agreement with Citigroup's signature, I find it a clear violation by Wachovia and Wells Fargo officials to negotiate and sign a deal. My feeling is the Courts will declare Wachovia and Wells Fargo deal null and void and Wells Fargo will not be allowed to take over Wachovia. The only solution is for Citigroup and Wells Fargo to explore if they can divide Wachovia assets in a mutually beneficial deal.
]]> http://seekingalpha.com/article/93864-do-rising-stock-prices-mean-fundamentals-have-bottomed?source=feed#comment-245241 245241 Thu, 04 Sep 2008 08:42:06 -0400 http://seekingalpha.com/article/88833-time-to-buy-elan?source=feed#comment-227639 227639 Mon, 11 Aug 2008 09:16:51 -0400 http://seekingalpha.com/article/87615-is-the-tide-turning-for-blackstone?source=feed#comment-217953 217953 Tue, 29 Jul 2008 22:37:33 -0400 http://seekingalpha.com/article/84984-sec-subpoenas-more-than-50-hedge-fund-advisors?source=feed#comment-206559 206559 Tue, 15 Jul 2008 23:32:43 -0400 http://seekingalpha.com/article/83781-what-s-behind-hansen-s-smackdown?source=feed#comment-198744 198744 Fri, 04 Jul 2008 20:21:17 -0400 http://seekingalpha.com/article/68711-jp-morgan-to-buy-bear-stearns-for-2-share?source=feed#comment-127403 127403 JPM) will be more leveraged as a result of takeover of Bear Stearns.]]> Sun, 16 Mar 2008 22:59:55 -0400 JPM) will be more leveraged as a result of takeover of Bear Stearns.]]>